Despite supply chain issues, Tesla predicts a 50% increase in revenue.
Tesla sales are predicted to grow by 50% in the next few years despite supply chain problems. The electric car company recorded an impressive $5.5bn worth of revenue last year.
Sales of our company rocketed 71% to more than 53.8bn dollars in 2021, as they delivered over 936,000 vehicles to customers.
Elon Musk predicts that in 2021, Tesla will have a breakthrough year, meaning more electric cars on the road and greater success for Tesla.
“We’ve been working to support our supply chain as it’s facing a variety of challenges this year. The one bright spot is that we grew our volumes by nearly 90%.”
The company said that its supply chain is the main limiting factor to growth, which is likely to continue through 2022. They expect growth “comfortably above 50%” in 2022.
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Tesla has proven to be more resilient than other carmakers because of its microchips & software agility. It uses the less scarce chips and can rewrite its software easily, while competitors don’t have these advantages.
The company started in California but now has a factory in China and a second one located in Texas, with a third under construction right here in Berlin. The plants are expected to help Tesla increase its production dramatically by competing with other car manufacturers that are already established.
It has the challenge of opening two factories this year that will produce chips and other parts that are in short supply. In addition, there is a large number of new battery and technology advances to be introduced.
Musk has given reassurances though, saying that the company is looking at building new factories in new locations. And he expects “fully self-driving cars” will become a big part of Tesla’s profitability going into the future.
“The cars in the fleet essentially becoming self-driving via a software update might end up being the biggest increase in asset value of any asset class in history, we shall see,” Mr Musk added.
@elonmusk has commented on GM, noting “they have some room for improvement”.
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According to Dan Ives, Tesla could have delivered up to 10% more cars in the last three months of the year without any supply issues. Despite the recent reports, Musk said ” These delivery numbers combined with this ‘impressive earnings beat’ speaks to an EV demand trajectory that looks quite robust for Tesla heading into 2022″
